Real Estate in Great Falls, MT

Great Falls, Montana boasts some of the most affordable real estate in the US, Puerto Rico and Canada. That boast is not empty marketing: It is the result of a study by a major real estate firm. While affordable real estate sometimes means run-down housing in bad parts of a city, Great Falls offers excellent quality homes in one of the largest cities in Montana. This community has long been a center of business for the west and is home to several other employers that make a stable economy.

The community of Great Falls has approximately 50,000 residents. It is the seat of Cascade County and, as such, the home of the county government and most of the county’s business community. There is much natural beauty to explore around this community. The name itself comes from a series of falls along the Missouri River, which runs through the community. The city benefits from this river in practical ways, having 5 hydroelectric dams that provide electricity. For this reason, the city is sometimes called “The Electric City” and has always been a friendly place for industry.

The city has seen a fairly steady population growth in recent decades. A slowing growth in the 1980s and 90s was mostly offset by a growth pattern in the first years of the 2000s. One of the city’s major employers is an Air Force base. Because most of the commercial activity in the surrounding areas is centered on Great Falls, there is generally a fair amount of employment with unemployment figures below the national averages. The price of real estate is remarkably affordable, which makes this city attractive to first-time buyers and to those who want an urban situation in a very wild place. The majority of residents in the city are married couples.